Prudential Locations released it’s Maui Real Estate Activity Report for third quarter 2008. It covers single family and condominium sales activity for Maui. Here are some highlights:
-The third quarter of 2008 saw fewer real estate transactions compared to the third quarter of last year, with 6.2% less single-family homes and 44.6% fewer condominiums sold.
-Single-family home prices experienced a drop of 4.0% to $600,000 compared to last year.
Condominium median prices dropped 5.8% to $525,000.
-Median price increases occurred for single-family homes in the Wailea/Makena area, Hana, Lahaina and the Kula/Ulupalakua/Kanaio areas. Condominium median prices continue to increase in the Wailea/Makena area due to new development closings from 2006.
Download the complete Maui Real Estate Report Here
October 24th, 2008 at 2:12 am
Really interesting info. thanks for sharing it.
Aloha,
Keahi